Commodities snapshot (precious & industrial)

Metals are mixed today. Performance this week at a glance in chart & table -

Gold -

• Gold is up today, getting some bids of risk aversion and bouncing from support area. Today's range - $1165-$1147
• Sell gold with target around $1100 and stop around $1200.
• Gold is currently trading at $1164/troy ounce. Immediate support lies at $1150 and resistance at $1224, $1236-1240 area.

Silver -

• Silver is bouncing back to test $15.4 resistance. Today's range $15.3-14.8
• Silver is likely to drop as low as $14
• Silver is currently trading at $15.25/troy ounce. Support lies at $14 & resistance at $16

Copper -

• Copper bounced back sharply as expected after reaching target area. Today's range $2.52-2.38
• Next target is around $2.24.
• Copper is currently trading at $2.5/pound, immediate support lies at $2.2 & resistance at $2.65.